New Time Warner app for Xbox 360 lets you watch live cable

Up to 300 channels of live TV through your 360

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Xbox and Time Warner have teamed up to launch an app today for the Xbox 360 called TWC TV.

According to Xbox Wire, the app has up to 300 TV channels available on the console. Sounds like a great way to spend a Saturday, but alas, a few caveats remain: You must be an Xbox Live Gold member, live in the U.S. and be a Time Warner Cable subscriber.